Rights and Obligations of Both Parties. 5.1 Party A’s rights and obligations
Rights and Obligations of Both Parties. 1. The First party is obligated to open a current account for the second party and to exert the necessary care to implement their orders on the account within the limits of banking regulations, rules, and norms. The First party is not responsible for any damage arising from the implementation of these orders unless this damage is a result of gross negligence, willful misconduct or failure to undertake the necessary diligence intended for the purposes of implementing this agreement; Caring, skill, prudence, and diligence according to the conditions that are expected to perform - within the reasonable limits - from any facility.
Rights and Obligations of Both Parties. 1. Party A shall provide support to Party B in accordance with Article 6 of this agreement.
Rights and Obligations of Both Parties. 7.1 Party A shall have the following rights and obligations: § to draw down and use the Loan according to this Contract; § if Party A repays the Loan before maturity date, it shall obtain prior written consent from Party B and shall compensate Party B against the losses for expected income and relevant expenses; § to bear all expenses incurred under this Contract; § it shall notify Party B at least 30 days in advance of any activities that would have a negative impact upon Party B’s ability to realize its rights such as joint operation, merger, restructuring, sale of material asset, etc. and obtain Party B’s written consent, otherwise, Party A is not allowed to carry out the afore mentioned activity before repayment of the Loan; § to notify Party B of any changes like location, contact address, business scope, legal representative and other commercial register items within 7 days after these changes; § it shall notify Party B immediately the occurrence of any event that will affect its normal operation or solvency under this contract, such as (but not restrain to) severe economic dispute, bankruptcy, financial deterioration etc; § In case of it winding up, dissolution, suspension of operation, revoke of business license, Party A should notify Party B of such events within 5 days after their occurrence and undertake to repay the principal and interest immediately. § Others as agreed.
Rights and Obligations of Both Parties. 5.1 Party A, as the lessor of the Properties, shall be entitled to:
Rights and Obligations of Both Parties. 7.1 Borrower shall not use the proceeds of the Loan for any usage not stipulated in this Contract.
Rights and Obligations of Both Parties. Article 35 Party A’s rights and obligations
Rights and Obligations of Both Parties. I. Rights and obligations of the Lender
Rights and Obligations of Both Parties. (1) Party A has the right to be informed and supervise Party B’s operations within the distribution area.
Rights and Obligations of Both Parties. 4.1 Party B undertakes to have the right to provide information services to Party A in accordance with this contract, and to ensure that the content of the service platform provided by Party B and the technology and equipment used will not violate laws, regulations, policies and public moral principles, nor will it damage the legal rights of any third party. rights and interests. If Party A suffers losses due to Party B’s breach of the aforementioned guarantee, Party A has the right to claim compensation from Party B.
